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🌍
Jurisdiction
South Korea
📅
Effective Date
2022
Jan 1, 2022
✅
Full Compliance
2023
Jan 1, 2023
🏛️
Regulator
Financial Services Commission
Overview
Korea's comprehensive personal data portability framework spanning financial services, telecommunications, and public data. MyData operators aggregate data across multiple sectors with user consent.
Scope & Coverage
BankingInsuranceSecuritiesCredit CardsTelecoms
Key Requirements
1
MyData business license2
Cross-sector data aggregation3
API standardization4
Enhanced consent managementKey Notes
Over 50 licensed MyData operators. Strong focus on credit data and loan comparison.
Official Resources
Related Regulations
Other open banking frameworks in Asia:
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